The Green Bank monitors all energy loans funded partially or entirely by revolving loan funds.  The borrowing agency must submit required status reports in both worksheet and narrative formats. 

These status reports may include actual energy usage and costs (converted into base-year dollars for comparability) and may be determined by energy management software or directly from electric bills, gas bills, or similar documentation.  By comparing the actual energy usage and costs after energy efficiency measures are implemented to projected energy usage and costs assuming no energy efficiency measures, the amount of actual energy usage reduction and savings can be determined.  

           
The Green Bank will accept cost information generated within the agency or externally as long as sufficient documentation is provided. For energy savings performance contract (ESPC) projects, monitoring and verification may be done by the energy service company (ESCO) quarterly and reconciliation is performed yearly.  Additionally, no more than five percent of the cost of energy efficiency measures may be used for monitoring purposes.  The Green Bank may require the agency and/or its contractors to establish a new plan of action if the Green Bank or Loan Committee believes improvements can be made and energy savings can be increased.